what value is reflected in materiality principle ?
Hi Amit
Materiality principle requires disclosure of all material facts in the books of accounts. Thus, it reflects transparency from the point of view of business by showing true and fair view of the performance of the business before the investors. This further helps them in making informed decisions.
Materiality principle requires disclosure of all material facts in the books of accounts. Thus, it reflects transparency from the point of view of business by showing true and fair view of the performance of the business before the investors. This further helps them in making informed decisions.